Westport Fuel Systems Inc: Westport Fuel Systems to Acquire Stako sp. z o.o., a World Leader in the Manufacturing of Liquified Petroleum Gas Fuel Storage
Bolt-on acquisition supports energy transition to cleaner fuels in emerging markets
VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (TSX | Nasdaq: WPRT) (
Westport Fuel Systems or the Company ) today announced that it has reached an agreement to acquire Stako sp. z o.o., ( Stako ), the liquid petroleum gas fuel storage manufacturing subsidiary of Worthington Industries Inc. (
Worthington ) in a transaction valued at €5 Million.
Based in Slupsk, Poland, Stako is a world leading manufacturer of LPG fuel storage, supplying the aftermarket and original equipment manufacturer (
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Westport Fuel Systems Reports First Quarter 2021 Financial Results
Westport Fuel Systems IncMay 6, 2021 GMT
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (“WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FIRST QUARTER 2021 HIGHLIGHTS
Revenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS’ light-duty and heavy-duty Original Equipment Manufacturing (“OEM”) businesses
Net loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS’ initial High Pressure Direct Injection (“HPDI”)™ launch partner, one-time severance costs and an unrealized foreign exchange loss
Westport Fuel Systems Inc: Westport Fuel Systems Reports First Quarter 2021 Financial Results
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (
WFS ) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FIRST QUARTER 2021 HIGHLIGHTS
Revenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS light-duty and heavy-duty Original Equipment Manufacturing (
OEM ) businesses
Net loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS initial High Pressure Direct Injection (
Westport Fuel Systems Reports First Quarter 2021 Financial Results
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (“
WFS”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the first quarter ended March 31, 2021 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.
FIRST QUARTER 2021 HIGHLIGHTS
Revenues of $76.4 million, up 14% compared to the same period in 2020 due to increased sales volumes in WFS light-duty and heavy-duty Original Equipment Manufacturing (
OEM ) businesses
Net loss of $3.1 million and net loss per share of $0.02 were impacted by supply chain-related production issues at WFS initial High Pressure Direct Injection (
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